Credit accounting & reporting system (CARS)
The Credit Accounting & Reporting System (CARS) is a specialized back-office platform designed to manage financial accounting and generate detailed reporting for credit-related activities in banks and microfinance institutions (MFIs). It serves as the financial backbone of the lending operations, ensuring that every loan transaction is accurately posted, reconciled, and reported in compliance with internal and regulatory standards.
Why credit accounting & reporting system?
Improved accuracy
Reduces human error in calculations and record-keeping. Ensures accurate financial tracking of loans and repayments.
Better oversight
Real-time insights into credit performance. Supports faster decision-making.
Supports growth
Helps manage growing clients/loans and supports portfolio analysis and risk management.
Regulatory compliance
Produces reports for external audits, standard financial reporting, and national regulations.
Enhanced trust
Improves transparency for stakeholders and clients.
Cost benefit
CARS offers a competitive and affordable solution for MFIs seeking essential credit accounting and reporting capabilities that may not have the budget for a full featured Core Banking System (CBS).
Support Multiple Languages
Support multiple languages including English, Khmer, Korean and etc.
Credit Accounting & Reporting System (CARS)
Customer management
- Individual and corporate: handle information for both personal and business clients.
- CBC information: integration with the Credit Bureau Cambodia (CBC) for client credit history.
Loan Entry Support
- Application & disbursement: record and process loan applications and release funds.
- Repayment: manage tracking and post client repayments including schedules.
- Restructuring & write-off: modify loan terms for struggling borrowers or write off for bad loan debts.
- Loan account inquiries: access and check review individual loan details and history.
Reporting
- Internal report: manage custom reports for internal analysis.
- NBC compliance report: reports required by national bank of Cambodia (NBC) to ensure regulatory compliance.
Product management
- Product management: create and manage loan and financial products offered by MFI.
- Interest & fee management: configure interest rates, service charges, and penalties for each product.
Accounting / treasury
- COA management: manage the accounting structure used to record financial data.
- Trial balance: view and generate trial balances for financial review.
- Cash/Vault management: manage physical cash handling and balance in branch vaults.
- Other bank deposit: manage track deposit made into external bank accounts.
FAQ
CARS is a specialized system designed to handle the financial accounting and regulatory reporting aspects of credit (loan) operations.It ensures accurate posting of credit transactions, interest, fees, provisioning, and supports compliance reporting to regulators the National Bank of Cambodia(NBC).
It is for MFIs or small financial institutions that don’t need full CBS. Institution that requires cost-effective credit tracking.Organizations focusing on regulatory compliance and financial control.
Affordable with lower cost, built-in NBC compliance and reporting, accurate accounting, provisioning support and easy to use with simple interface for finance and compliance staff.
Request Demo
At Mobile C&C, we have provided many solutions to customer.
Please find some frequently asked question and answers.
If your questions not listed, please feel free to contact us, thanks